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Beverage companies are working toward introducing new products to meet the growing demand for healthy, refreshing, and ready-to-drink beverages. The non-alcoholic beverages market is expected to grow at an 8.2% CAGR and reach $1.73 trillion by 2028. Moreover, renowned beverage stocks are likely to witness increasing investor attention amid the immense volatility in the markets. So, both PEP and KDP are expected to benefit.
While KDP gained marginally over the past month, PEP has surged 5.2%. PEP is a clear winner with 28.2% gains versus KDP’s 4.7% in terms of their past nine months’ performance. But which of these stocks is a better pick now? Let us find out.
